Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10439 Gratiot Ave Detroit, MI 48213-1222

    • Automotive properties
    • 1,421 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Apr 03, 2024
    $180,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4269695
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • C & A Auto Sales Llc / Car Dealer
    • A & a Auto Center LLC / Auto Repair Shop
    • NON STOP AUTO SALES / Used Car Dealer / Auto Broker

    Property Details for 10439 Gratiot Ave

    Year built
    1951
    Lot size
    0.33 lot acres
    Property size
    1,421 SF
    Zone code
    B4
    Property type
    Automotive properties
    APN
    19001783.
    APU
    19001783

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0015
    Latitude
    42.3995
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $4,699
    $0.00
    $0.00
    $78,400
    -
    $0.00
    $0.00
    $156,800

    Comparable in this City

    • Value Estimation by Request
      7,536 SF

      9727 Chalmers St

      VEHICLE SALES, RENTALS • 7,536 SF
      9727 Chalmers St, Detroit, MI 48213-1908
      View Details
    • Value Estimation by Request
      1,386 SF

      11040 Hayes St

      VEHICLE SALES, RENTALS • 1,386 SF
      11040 Hayes St, Detroit, MI 48213-1526
      View Details
    • Value Estimation by Request
      320 SF

      5700 Holcomb St

      AUTO REPAIR, GARAGE • 320 SF
      5700 Holcomb St, Detroit, MI 48213-3024
      View Details
    • Value Estimation by Request
      1,208 SF

      10401 Gratiot Ave

      AUTO REPAIR, GARAGE • 1,208 SF
      10401 Gratiot Ave, Detroit, MI 48213-1222
      View Details
    • Value Estimation by Request
      6,866 SF

      8151 Gratiot Ave

      AUTO REPAIR, GARAGE • 6,866 SF
      8151 Gratiot Ave, Detroit, MI 48213-2939
      View Details
    • Value Estimation by Request
      2,791 SF

      10430 Gratiot Ave

      AUTO REPAIR, GARAGE • 2,791 SF
      10430 Gratiot Ave, Detroit, MI 48213-1261
      View Details

    Similar Nearby for Sale

    • $34,900

      Two-Building Commercial Property For Sale

      Two buildings with high-traffic frontage, suitable for diverse businesses.
      9300 Conner St, Detroit, MI 48213
      View Details
    • $2,999,999
      1,250 SF

      Prime Detroit Auto & Car Wash Business

      Profitable Mixed-Use Property, Detroit, MI
      8600 Gratiot Ave, Detroit, MI 48213
      View Details
    • $600,000
      7,000 SF

      Auto Repair Shop For Sale

      7,000 SF auto repair shop with prime commercial exposure.
      11820-11866 Gratiot Ave, Detroit, MI 48213
      View Details
    • $600,000
      7,000 SF

      Gratiot Ave Auto Shop - Detroit

      7,000 SF Auto Repair Shop, Prime Location
      11820-11866 Gratiot Ave, Detroit, MI 48213
      View Details
    • $224,900
      3,286 SF

      Van Dyke Ave Auto Shop Investment

      Detroit Auto Shop - Turnkey Opportunity
      5788 Van Dyke Ave, Detroit, MI 48213
      View Details
    • $275,000
      1,935 SF

      Gratiot Ave Retail Space - Detroit

      Prime Detroit retail space, 1935 sq ft.
      8200 Gratiot Ave, Detroit, MI 48213
      View Details

    Similar Nearby for Lease

    • $2,200 /Mo

      High-Visibility Corner Lot on Gratiot

      High-traffic corner lot zoned for automotive use.
      10333 Gratiot Ave, Detroit, MI 48213
      View Details
    • Contact for pricing

      Shoemaker Street Commercial Property

      Commercial property available for rent on Shoemaker Street, Detroit.
      11400 Shoemaker St, Detroit, MI 48213
      View Details
    • Contact for pricing
      12,084 SF

      Gratiot Ave Retail Space For Lease

      Detroit Retail Space - High Visibility
      10648-10770 Gratiot Ave, Detroit, MI 48213
      View Details
    • $1,000 /Mo

      Retail Space For Lease

      Retail space available for immediate occupancy in high-traffic location.
      9472 Conner St, Detroit, MI 48213
      View Details
    • Contact for pricing
      5,600 SF

      Detroit Strip Center on Gratiot

      Five-unit retail strip center located on Gratiot Avenue.
      9623 Gratiot Ave, Detroit, MI 48213
      View Details
    • $8,950 /Mo
      16,492 SF

      Former Dollar General Retail Space

      Large retail space with asphalt lot in Detroit, MI.
      10220 Gratiot Ave, Detroit, MI 48213
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10439 Gratiot Ave
    Detroit, MI 48213-1222
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.